When talking with your family about your estate plan, it is important to cover as many aspects as possible — including your funeral arrangements. Doing so gives you a chance to talk over your preferences and get your family's input. Pre-planning can make matters much...
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How can you talk to your loved one about long term care?
When you begin to notice a decline in an elderly relative's ability to take care of their own life and body, you may wonder what to do next. Talking to them about moving into a personal care home or a nursing home is often intimidating at first. By following a few...
Are you legally liable for your parents’ long-term care bills?
With long-term care costs averaging $12,000 to $14,000 per month, many seniors run out of savings to pay these expenses. In some cases, when parents are unable to pay long-term care costs, facilities may pursue their adult children for payment. Are you legally liable...
How taxes and debts are paid from a decedent’s estate
Paying the decedent’s taxes and debts from the estate funds are part of the probate process in Pennsylvania. As noted by SmartAsset, certain heirs may incur an inheritance tax as a result of inheriting assets. Surviving spouses, however, have a “0” inheritance tax...
Why do people put off estate planning?
Estate planning, which means preparing for your future, can provide peace of mind and security. Despite this, only about 33% of Americans had any estate planning documents in 2021, according to Caring.com. There are many reasons why people might delay preparing for...
Is this undue influence?
When diving into matters involving a decedent’s estate, it is important to note that testators can face numerous unexpected hurdles. One of these hurdles is the possibility of someone attempting to manipulate them to gain hold of the estate after the testator passes...
How to talk to your parents about estate planning
As your parents age, they may begin to think about their future and their estate. There can be many benefits to estate planning. This may seem like a difficult topic to broach if they are not already considering it. By keeping a few things in mind, you can help ensure...
Will your relative serve as a good executor?
When you start looking into eligible individuals to help manage your estate, it makes sense to turn toward your loved ones and family members first. After all, you know them best. But is a family member truly the best choice when it comes to managing your estate? For...
What if your loved ones disagree with your advance directive?
Facing the end of life can be challenging for anyone. After all, as individuals age, they often develop health-related issues that take away from their quality of life. Even younger individuals may acquire a life-threatening illness or suffer a catastrophic injury. It...
3 Things to know about guardianships for parents with dementia
Everyone gets older, but when you start to notice your mom and dad aging, it can feel more personal. One mental health concern that many older adults face is memory loss in the form of dementia. Hopefully, your parents had been willing to plan ahead through the...